On the other hand, non-local lenders may offer more competitive terms or flexibility since they're not tied to specific regional trends.

Any thoughts on this?

I am the member of a single member LLC, where the LLC is on the title of a rental property, and trying to determine if it is exempt from AB1482, since the LLC does not have a corporation as a member, or if the LLC is binded by AB1482 just in virtue of being an LLC.Any help appreciated :)https://caanet.org/kb/exemption-from-ab-1482-addendum/

Days on Market (DOM) since Q3 of last year.Single-family residence values continue rising and are selling for nearly 9% more than last year - National average for home sale price increases is 4% since last year per one of BP's most recent podcasts.Multifamily properties in Queens have sold for a median price nearly 6% above last year, jumping from $1,058,000 in Q3 '24 to $1,120,000 in 2024.Lastly, despite inventory increases, the # of sold properties has declined when compared to last year.

You should not allow any adults to reside in the property without being screened, approved by you, and on the lease.Here's a detailed guide on how to screen applicants: Application Screening Guide

It is on par with other rentals as that is the norm in my area. 

. ****** I would like to take on of the two family properties he has in queens.

I have family in construction who have looked at it and feel it has fairly solid bones and I like the location and think it's on the way up.

I'm working on a new investment property. 

Also, you are spot on about romanticizing the cash flow.